| Quote: | | | Originally Posted by monkeybusiness | | | | |
| start off with a small capital first and if you make profit from it, then slowly increase your capital.
If you can't make a profit with 5k, do you think you can make a profit with 10k? | |
| | |
I hope I did not mislead u into thinking that 5k is too small to invest! Totally opposite!
5k is not too little, I teach my brother (currently in NS) to use investment as a savings vehicle, by starting at $250 per month (more than 50% of his allowance leh)
I'm sure everyone knows this investment method as dollar-averaging. (Market good or bad does not affect him that much)
But he did not invest by himself cos he is clueless, but he trusted me to do the investment for him by buying Unit Trust. From NS start till date (about 8 mths), he had saved $2.7k plus profit.
Can u compare his method to your method of saving into a bank n get 0.3%pa interest and can't even see the any gain, much less $700 profit in 8 mths?
He did the right thing to invest, even starting @$250 /mth also no problem. Much less your 5k???
However, before he can do the invest, he researched, not the Unit trust market, but by seeing me gaining profits over the years n he believed I am a good "Unit trust" to invest in
So moral of the story is, do your research, but I'm teaching u how to make your "lazy" money earn profit by opening a FREE investment account
(btw, only fundsupermart is giving that 2%, POEMS only 1.8%pa unless u got lots of money lar, can negitotiate higher interest.
So u see the more money u have the more money u get?)
So even if u take months n years to start the actual investment, u still dun lose out
Most importantly is still RESEARCH.
